Saturday, September 20, 2008

I just read of a proposal by Bush for a huge bailout fund for failing banks that own bad mortgages. If it is to be enacted, I'm not sure the money should go to the banks, certainly not as principle plus interest.

Seems to me that it's not a bad idea but that the funds should go to the owners of the homes esp if the house is the primary residence.

That way the banks get their money and no one is thrown out of their house.

Seems like a no brainer to me.

Course if it were to be enacted we'd probably have to stop spending quite so much on things like the war in Iraq but I digress.